Vice President; Credit Officer

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship. Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests. Job expectations include credit-focused client management responsibilities, independent thought leadership, strong leadership skills, the ability to provide feedback to less experienced teammates and may also manage a team.

Responsibilities:

• Develop and maintain a deep understanding of the Global Banking and Markets product spectrum.
• Drive speed to market and asset quality.
• Develop and maintain a deep understanding of the portfolio at the client, industry, and macro level in order to assess risk and structure value-added solutions that balance risk and return.
• Independently assess the creditworthiness, including due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk.
• Provide high quality and efficient credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury while observing compliance with established credit policies and guidelines.
• Structure transactions and negotiate credit documentation including loan credit agreements and amendments, ISDAs, and CSAs.
• Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client's credit lifecycle.
• Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal.
• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience:

• Bachelor's degree or equivalent in Business Administration, Finance, Economics, Accounting, or related: and
• 5 years of progressively responsible experience in the job offered or a related Finance occupation.
• Must include 5 years of experience in each of the following:
• Developing and maintaining financial models to analyze trends, including cash flow, leverage buyout, cost of capital analysis, ability-to-pay, value-creation, operating models, and 3-statement models;
• Researching and analyzing trends across sectors and capital structures;
• Conducting research using Bloomberg, Moody’s, S&P, and other financial databases to analyze market data and competitive dynamics;
• Supporting origination, structuring, and deal execution and working on a broad scope of committed financing assignments for corporate clients;
• Participating in the credit committee approval process, including due diligence, credit analysis and communication with the Risk team; and,
• Assessing traded product opportunities against risk appetite and monitoring trading product exposure to specific clients as well as across the sector and portfolio.

If interested apply online at www.bankofamerica.com/careers or email your resume to [email protected] and reference the job title of the role and requisition number.

EMPLOYER:  Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

- annualized salary, offers to be determined based on experience, education and skill set.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.